The trade balance accumulated in the last twelve months registered a surplus of US$10 in March. 096 million, according to Central Reserve Bank of Peru (BCRP).
Trade balance reverses in March the downward trend of the last 11 months. Photo: BCRP
Also, it was detailed that Exports totaled US$5.780 million in March, an amount 2.5% higher than the same month in 2022, mainly due to higher volumes of traditional products, such as copper and hydrocarbons. This is also explained by the release of accumulated inventories as of February as a result of transportation problems faced by copper companies in the southern region.
In the first three months of the year, foreign sales accumulated US$ 15,489 million, 8.2% less than those of the same period last year.
By your side, imports were reduced by 7% to US$ 4,341 million in March, as a result of lower volumes of durable consumption and capital goods, as well as lower input prices. Accumulated purchases from abroad fell 8.8% to US$ 11,835 million during the first quarter of 2023.
Source: Larepublica
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